Leading Agricultural Coatings Application Markets Databank
The Agricultural Coatings market was valued at $3,615.6 Million in 2020, and is projected to reach $6,165.8 Million by 2029 growing at a CAGR of 6.16% from 2021 to 2029. Insecticides segment is expected to be the highest contributor to this market, with $1,567.7 Million in 2020, and is anticipated to reach $2,467.2 Million by 2029, registering a CAGR of 5.21%. Herbicides segment is anticipated to reach $1,530.4 Million by 2029 with the highest CAGR of 7.57%. Insecticides and Herbicides segments collectively expected to account for about 65.4% share of the Agricultural Coatings market in 2020, with the former constituting around 43.4% share. Herbicides and Rodenticides segments are expected to witness significant growth rates at a CAGR of 7.57% and 7.46% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 31.8% in the overall Agricultural Coatings market in 2020, and is anticipated to reach 35.7% by 2029.
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